Member Info for Thunder2040

News before Christmas?

The weirdest part is granting 20% option over everything at a price not yet determined...like what even is that..is it binding if exercised I don't know..but the cash will keep Gil fed and watered and that's what matters here

So no actual farm out as yet either just a call option on everything for peanuts..what kind of a deal is this? Also the drill costs cap so low? Odd one at first glance

I did say this on here recently Dartron, it's not a share to touch with that debt and margin compression...the balance sheet is made up of intangibles and not much else...the acquisition driven sales growth is masking the bigger issue and offers poor margin so far

This board is an echo chamber, I hope it comes good for you but I've said my piece, wish you the best, the main culprits from trinity bid days seem to have scattered from here anyway

EV is up towards 100m, loss making, drilled all the cash..I'm sorry you are in cuckoo land. And I think you should consider listening to those that said this when you were about X10 the share price

The capex to extract the 2p is the problem, the economically recoverable resource needs reassessing because of the fractured geology. The decline rates in the wells make this insolvent now IMO. I'm adamant of that but I said that from the moment I read into this one when some nutters wanted TXP paper for trinity rather than cash. I think you should really be careful sinking any more in atm

Very deluded investors on here all the way back from trinity bid, very dangerous too if they suck you in, lose all your money with this one it's very very evident. Why in earth would you invest in a company that is leveraged up and loss making with more of the same to come..it's crazy

Net debt pushing $80m mostly spent on wells that don't produce enough...by a guy who runs a company from him bedroom..it's got basically no value here now

I do not agree on your impact regarding moderate raises

The less bad scenario is still devastating, they want to hammer slot machines and online

I have already pointed out where this is found in the interim financial statement, I think it's note 2, gaming duty is within cost of sales, you are looking at corp tax. Search "duties" and you will find it

This is in serious trouble if taxes are raised on the sector..there was no mention of it in the update either..debt is £1.8b, dwarfing equity and it's not clear how they can absorb the touted tax rise...it's cheap but again I still can't actually buy this and feel comfortable...it could easily go under and just get scooped out of administration wiping out holders.

The issue is the there and now tbh, and the board are responsible entirely for where we are today at 5.6p a share. They need to do a deal and the market knows it. I could have managed this process better than them. We are in a total blackout with no information offered and just letting shorts and spivs smash us to oblivion. If they read this they should at the very least issue an update.

They are losing higher margin sales though on legacy, have fixed costs on data centres that can't compete with the huge ones. How much Atech sales need to grow to keep the lights on and lay the debt? Balance sheet is a total mess, over £100m debt and a load of intangibles. So no, I don't see a recovery yet...Atech needs to be deal of the century

Ending it one year early, is basically irrelevant as anyone else voted in in 2029 would likely remove it (excluding greens)..they honestly do not understand economics

As per note. 2 of the interim financial statements, a total of £187m was incurred in gambling duty in H1 of which about £124m was in the UK. So annualised UK duty say £250m. We don't know the exact distribution beyond £48m was retail and £75m was UK online for H1. If these rates basically double it's game over here and for UK bookies in general. They would have to adjust the odds so much to even try and cover it that no one would bet with them, they would just bet on the black market. Problem is Labour proved with north sea they don't care about logic when it comes the making a virtue signalling point. This explains why it's so cheap, bit with the debt it's a huge ask ATM pre budget to take a long position.

It threw me because no one else did a TR1 then I realised it was a movement below 3% that's all, still the fact the debt holders etc are just slugging their shares into the market pre news is hardly reassuring anyway. Good luck

Potentially yeah I'm not sure tbh

Buried in the multiple TR1s yesterday was a director sell incase anyone didn't spot it